| EARNINGS PER SHARE |
EARNINGS PER SHARE The following information sets forth the computations of basic and diluted weighted average earnings per common share for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six months ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Net (loss) income from continuing operations | $ | (13,164,651) | | | $ | 15,206,224 | | | $ | (9,096,966) | | | $ | 13,635,881 | | | Dividends paid on preferred stock | — | | | (7,500) | | | — | | | (7,500) | | | Dividends paid on unvested restricted stock | (110,783) | | | (128,270) | | | (225,138) | | | (185,396) | | | Net income from continuing operations attributable to common shareholders | (13,275,434) | | | 15,070,454 | | | (9,322,104) | | | 13,442,985 | | | Net income from discontinued operations | — | | | 1,239,897 | | | — | | | 2,756,124 | | | Net income attributable to common shareholders | (13,275,434) | | | 16,310,351 | | | (9,322,104) | | | 16,199,109 | | | Divided by: | | | | | | | | | Basic weighted average shares of common stock outstanding | 22,114,341 | | | 20,400,004 | | | 22,106,205 | | | 20,396,940 | | | Weighted average unvested restricted stock and dilutive stock options | 2,545 | | | 37,795 | | | 6,564 | | | 21,957 | | | Diluted weighted average shares of common stock outstanding | 22,116,886 | | | 20,437,799 | | | 22,112,769 | | | 20,418,897 | | | | | | | | | | | Basic earnings per share | | | | | | | | | Continuing operations | $ | (0.60) | | | $ | 0.74 | | | $ | (0.42) | | | $ | 0.66 | | | Discontinued operations | $ | — | | | $ | 0.06 | | | $ | — | | | $ | 0.13 | | | Total basic weighted average earnings per common share | $ | (0.60) | | | $ | 0.80 | | | $ | (0.42) | | | $ | 0.79 | | | | | | | | | | | Diluted earnings per share | | | | | | | | | Continuing operations | $ | (0.60) | | | $ | 0.74 | | | $ | (0.42) | | | $ | 0.66 | | | Discontinued operations | $ | — | | | $ | 0.06 | | | $ | — | | | $ | 0.13 | | | Total diluted weighted average earnings per common share | $ | (0.60) | | | $ | 0.80 | | | $ | (0.42) | | | $ | 0.79 | |
Diluted EPS was computed using the treasury stock method for stock options and restricted stock. Diluted weighted average earnings per common share excluded 2,571,834 and 2,480,235 weighted average shares of unvested restricted stock and stock options due to anti-dilutive effect for the three and six months ended June 30, 2025, respectively, and 2,206,907 and 2,206,907 for the three and six months ended June 30, 2024, respectively. For the three and six months ended June 30, 2025, the potential dilutive shares due to unvested restricted stock and stock options were not included in the computation of diluted loss per share since to do so would decrease the loss per share from continuing operations.
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